Table of contents
- SUMMARY EXECUTIVE
- Statement of Purpose
- Statement of our Purpose
- SYNOPSIS OF THE BUSINESS
- Ownership of the Business
- Summary of the Initial Phase
- WE PROVIDE SERVICES
- ANALYSIS OF THE MARKET AND THE INDUSTRY
- Market Changes in the Cleaning Industry
- In the cleaning industry, there are a variety of market segments.
- Environment of Competition
- PLAN OF MARKETING
- Our Cleaning Company’s Marketing Plan
- Strategy for Selling
- Optional Payments
- Model of Profit
- Model based on a fee-for-service fee
- Model of subscription
- PLAN FOR DESIGN AND DEVELOPMENT
- OPERATING STRATEGY
- A FINANCIAL PLAN
- Important Premises
- Funding Sources and Use
Clean-Neat cell cleaning and laundry services are the names of our company, which has yet to begin operations. Residential, commercial, and laundry and cleaning services will be provided by Clean-Neat laundry, as well as a variety of cleaning choices for properties. Hygiene is an essential aspect that should be taken seriously; in fact, it should be done on a regular basis, but academics and jobs may make it difficult for individuals to find the time to wash their clothes and smooth their qualities and properties. We will be a licensed laundry and cleaning facility built to serve the people of Cape Coast, especially busy business executives and students. Our laundry and cleaning company will be located in the center of Amamoma, less than 20 minutes from Cape Coast town and 10 minutes from the stadium. We’re in the heart of a business district, and we’re ready to serve the whole neighborhood, as well as tourists and travelers. This location is very visible for our business, and the surrounding environment is also favorable. Our goal is to meet the needs of customers searching for high-quality cleaning and laundry services at reasonable prices for their homes or businesses. This need of the customers will be met by providing them with excellent cleaning services, which will be carried out by properly trained cleaning specialists. The highest quality of our services, the efficiency of our personnel, and the first-class hospitality service that our clients can expect from our specialists every time will distinguish our company from the competition.
We haven’t started operations yet, but everything is in place for them to begin. As a result, everything about the firm is captured in this commercial enterprise diagram. The commercial enterprise’s primary target market is students, and most of them are in the region; also, the neighborhood is closer to school, and customers can easily see us.
For the first three years of our business, we have set the following goals:
- To establish a service-oriented firm whose primary goal is to surpass customers’ expectations.
- By providing the best service, we want to increase the number of customers we serve by 20% each year.
- To build a long-term home-based company that is self-sustaining and reliant on own funds.
- Regular use of our facility with at least 30% of leads contacting us for further information.
Statement of Purpose
Our goal is to run one of the most successful laundry and cleaning businesses in the United States and the world.
Statement of our Purpose
Our objective is to grow a successful laundry business in the nation with cutting-edge facilities; a business that will not only satisfy but also exceed the expectations of its customers. As a result, we provide all household cleaning services in an ecologically friendly, completely dependable, and professional way to our customers. Customers are what we’re here for, therefore we’re here to keep them. Everything else will fall into place if we stay true to this concept. Customers’ expectations will be exceeded by our products.
SYNOPSIS OF THE BUSINESS
Clean-Neat is a cell cleaning and laundry service that has not yet begun. Clean-Neat laundry services will offer residential, commercial, and laundry and cleaning services for all types of buildings. The company is ready to launch; the location, target market, price, and marketing techniques have all been decided. Our laundry and cleaning company will be in the center of Amamoma, which is about 20 minutes drive from Cape Coast town and 10 minutes drive from the stadium. We want to start small and scale up to the point where we can become global. We are focusing on the University of Cape Coast college students initially, and as time goes on, we will expand to the whole town and subsequently to other places. With branches in all of the regional capitals and major cities, we have the ability to expand nationally.
Ownership of the Business
The company will be run as a partnership amongst the group’s members. The business will be divided equally among the partners.
Summary of the Initial Phase
The following items are included in our start-up expenses: tools (detailed below), preliminary jail fees, marketing fees, cleaning equipment and supplies, uniforms, and symptoms for staff cars. A laptop computer is part of the office equipment. An additional land cellphone line, fax machine, pager, and cell phone are also necessary for the office. A few items of furniture will be required as well. The legal expenses are utilized for the company’s incorporation as well as the examination and creation of employee and customer contracts. The cost of making business cards and brochures is included in the marketing budget.
Cleaning supplies should be bought in bulk, with one set per staff. A professional vacuum cleaner (consumer versions can not withstand continuous usage) and various brooms, mops, and chemicals are the main per-worker costs (biodegradable). Uniforms will be worn to project a professional image.
Total start-up expenditures, including facilities lease, jail bills, brand design, stationery, and other expenses, are estimated to be at GH20000. GH15000 in long-term property, which includes leasing of buildings, washing machines, motor tricycles, Furniture and Fittings, and so on; GH4000 in preliminary funds to handle the first few months of operations, and GH1000 to cover contingencies are among the startup things necessary.
WE PROVIDE SERVICES
Clean-Neat is a laundry and cleaning service that will be outfitted with state-of-the-art equipment and strategically situated to become the industry’s market leader. Our primary motivation for starting this business is to provide an appropriate and convenient facility where people can wash their laundry without difficulty and at a moderate cost. We do a lot more than just provide a place where people can wash their laundry; we also provide extra services that keep our customers coming back. The bottom line, when our consumers use our laundry services, we will go to great lengths to ensure that they get the most out of their time. These are the services and facilities that will be available to our clients.
- Services for dry cleaning
- Clothes folding and packing
- Home delivery services are available.
- Snack stand
- Children’s play area
- Computer and video games
- Movies on the big screen
- Wi-Fi is available for free.
We will pick you up and transport your items for free. Our washing professionals will provide each client’s clothing individualized care and attention that they won’t get anywhere else.
Our staff will go above and beyond to meet and surpass our customers’ expectations, ensuring that your laundry is handled with the highest care and attention. We are dedicated to providing the best washing service possible. We also provide cleaning services to banks, schools, hotels, and churches. The cleaning aspect of the business is separated into two categories: industrial cleaning and residential cleaning.
Commercial customers often want cleaning companies that can provide them with state-of-the-art janitorial services as well as rubbish collection and disposal. Residential buyers, on the other hand, look for cleaning companies that can provide services with a lower level of responsibility, such as carpet cleaning, upholstery cleaning, 6-hour maid services, vacuuming, and so on. Customers may sign up for daily or weekly cleaning services. With our industrial cleaning services, we will provide janitorial services in which we will clean the office environment for customers. We will also provide trash collection and disposal services, in which we will collect customer waste and garbage on a daily basis for safe disposal. We provide a variety of office cleaning services to a wide range of clientele. We recognize that your working environment projects the image of your organization, from estate agent offices to computer service firms, and that it is critical to project the kind of image that your customers expect to be welcomed into. A pleasant working environment is essential, and if surfaces, telephones, and common spaces are kept clean and germ-free, your employees will not only perform better, but they will also take less sick days due to coughs and colds. We also clean windows for both residential and commercial clientele. We also provide post-construction cleaning services, where we remove debris from freshly constructed structures. Our services provide consumers with a plethora of benefits. We help customers save time by allowing them to listen to their research and concentrate on increasing their productivity. Students and individuals often have extremely tight schedules that prevent them from cleaning their homes and washing their clothing. Furthermore, buyers no longer need to transport their garments to us; all they need to do is give us a call, and we will take care of them right away. We don’t just provide them any provider; we make sure that our services are great and that they match, if not surpass, their expectations. We also make certain that we pick up and return customers’ garments on time, as well as clean their homes and workplaces fast. Our characteristic is efficiency; we do a dirt-free clean, ensuring that no trace of grime remains. We don’t take our responsibility to treat our customers’ houses with care and respect lightly. This ability ensures that these homes are secure in our hands. We save customers a lot of time and make them more convenient since they no longer have to worry about cleaning tasks. Our goal is to put our customers first, and we are always willing to work with you to meet your cleaning requirements.
ANALYSIS OF THE MARKET AND THE INDUSTRY
In Ghana, the normal size of the cleaning firm is fairly huge. Cape Coast is one of the most important places in the sector in general since it is rapidly becoming an industrialized and commercialized city where cleaning services have become a need in practically every neighborhood that is densely packed with business and residential structures. Many tertiary schools also exist, where students and lecturers are sometimes so preoccupied with lectures that they do not have the time to clean their residences or wash their laundry. There are also several building projects underway that will need post-construction cleanup. Due to the different character of the two types of services that cleansing organizations in this industry focus on, the assessment of the cleaning and laundry business may easily be separated into two classes. The business cleaning service is the first, and the domestic cleaning service is the second. Because the type and intensity of demand in each of them are somewhat distinct, the market study for each of them was carried out one after the other. Commercial customers often want cleaning companies that can supply them with cutting-edge janitorial services as well as rubbish collection and disposal. Residential customers, on the other hand, are looking for cleaning companies that can provide lighter-duty services like carpet cleaning, upholstery cleaning, 6-hour maid services, and vacuuming.
Market Changes in the Cleaning Industry
During the Great Depression, office leasing rates increased, making it more difficult for numerous firms and major organizations to pay for cleaning services. Since the Great Depression receded into obscurity, office rental prices have become much lower, and businesses and organizations have recovered the desire and capacity to subscribe to cleaning services. As a result, several regions of the city are seeing an increase in the rent of residential units. If costs continue to rise in a similar manner, we will be forced to raise our expenditures and the efficacy of our services to residential consumers. This may seem to be a frightening situation for most start-up cleaning companies, but our company views it as an opportunity to adapt, grow, and allow market changes to shape our path to success. The expansion and increasing authority of the healthcare business is one of the most significant shifts that has led to a boom in the cleaning industry in recent years. Residents and workers around the nation face a variety of health risks as a result of living and working in dirty environments. This leads home and business owners to resort to cleaning services since their in-house cleaning crews are unable to match the standards established by prestigious fitness care companies. As a consequence, cleaning companies have been exposed to many more contracts than before, and most customers prefer to have long-term agreements with cleaning agencies rather than a one-time romance with the cleansing services. One less well-known factor that has affected the growth of the cleaning sector is the growing need for aestheticism and visual appeal in homes and workplaces throughout the nation. People desire their homes and workplaces to seem authentic from both the inside and out. As a consequence, they are unable to afford to have dust and dirt strewn about their job or residence. As a result, they are looking for expert cleaning services. Cleaning businesses all around the organization are ensuring that houses and workplaces retain and preserve the visual attractiveness with which they were built so that they aren’t labeled outmoded or inappropriate for future occupants.
In the cleaning industry, there are a variety of market segments.
Most cleaning companies no longer provide a comprehensive service. The cleaning carrier may be split into a number of sectors, and the demand for these segmented services in the commercial or residential market differs significantly.
Janitorial services, maid services, window cleaning services, carpet cleaning services, dry cleaning, vacuuming, fixtures polishing, bathroom cleaning, garbage collection and disposal, and so on are some of the most frequent segmented services.
We acknowledge the wide range of demand for these services across a variety of platforms. It would be erroneous to assume that the market demand for window cleaning in commercial buildings is the same as the market demand for window cleaning in private residences. We’ve decided to expand our market reach by offering washing services to take care of the garments of busy customers.
Customers and the Target Market
One of the most mind-blowing aspects of the cleaning business is the limitless options it provides in terms of target market and clients. Sure, each cleaning firm that starts itself in the cleaning sector has its own unique area of interest and, as a result, its own target market and clientele. However, as a start-up company, we had the luxury of selecting from a large pool of potential consumers.
Cleaning services are in short supply in the commercial sector, with agencies ranging from tiny businesses to large corporations in need of one or more types of cleaning services. Schools, universities, libraries, and other educational institutions all need cleaning services in order to provide a cleaner, safer, and health-hazard-free learning environment for tomorrow’s bright minds.
In the residential sector, there are many who live in today’s hectic city life and have little time to make their bed or keep their shoes straight. Maid services are great for them in restoring order to their homes and lives. Consumers in the residential area, on the other hand, are looking for a cleaner and safer environment for their new kid teens. This is when they contact cleaning service companies to assist them in making their homes a safer environment for their children to live in. In terms of our operations, we’re looking to serve commercial customers, college students, and lecturers, as well as the general public. We believe that we can cover vast working areas since we have the right number of cleaning people and great cleaning equipment, as long as the consumers give us an acceptable deadline. Window cleaning services, janitorial services, and garbage removal services in partnership with the local government will be the key focus areas of our business in the future. With that in mind, we’ll keep a close eye on the residential market and remain open to expanding our company if profitable opportunities arise. Two factors will determine whether or not a customer will exhibit an interest in becoming a cleaning service provider. The first is the cleaning service enterprise’s know-how and competence, which is well-known among people in the neighborhood, city, or nation. Second, the success and efficacy of the marketing and promotion methods devised with the assistance of the cleaning business. There might also be a 0.33 factor in the equation, which is the company’s ability to wow customers during trial periods of service if any are available. Because we are a new cleaning firm, we will lack the expertise and clout needed to attract new customers. However, we will make up for our lack of expertise with an overabundance of amazing products at some point during the trial cleaning sessions that we will give to our customers, as well as the vibrancy and strong appeal of our outbound and inbound advertising efforts. We want to build a firm that can regularly impact clients’ purchasing decisions in the industry.
Environment of Competition
According to our recently completed feasibility studies and market assessment, there are several cleaning and laundry businesses distributed around Cape Coast; in fact, in certain regions, there are two or more laundries in the same spot. This demonstrates that the sector is becoming more competitive. We have researched the market before launching our Laundry, and we are certain that we will have a competitive advantage. Our ambitious benefit is that we will have a well-known laundry and cleaning business with extra ancillary services that will undoubtedly help us draw and retain consumers. With time, we will have a state-of-the-art laundry facility with cutting-edge, easy-to-use laundry machines (washing machines, dryers, industrial irons et al). We will be strategically positioned in one of Cape Coast’s busiest locations, and we will be open to all of the city’s attainable options. Amamoma is one of the Cape Coast’s most densely inhabited settlements, and the density surely translates to opportunity. Customers will flock to laundry once it is comfortable and peaceful. This is the strategy that will aid Laundry’s client appeal. This is why we will offer entertaining areas, food, and hire nice and helpful staff. We also make certain that we provide our cleaning services as quickly as feasible and within the time frame that the customer specifies. We will, without a doubt, provide great service. We are a new company that competes mostly against mounted firms. To significantly increase sales, we must not only find new clients but also steal customers away from established businesses. However, by giving first-rate and high-quality solutions, we may swiftly establish strong partnerships.
PLAN OF MARKETING
Our advertising and marketing approach will prioritize socialization. We believe that in order for our business to succeed, we must reach out to people and present them with compelling reasons to subscribe to our services. Our advertising and marketing brand will be aggressive and effervescent, with the goal of converting every prospective prospect into a client within a 30-day timeframe.
This is why we’ll be focusing our efforts on inbound marketing, which allows us to engage with potential customers and keep in touch with them at all times. We will not only have our own website, blog, and e-newsletter programs, but we will also be taking our business to the social media platform, where the goal will be to exchange people’s everyday gratitude for laundry and cleaning service businesses and to keep them informed about the advantages and benefits of hiring a cleaning service company, using both a direct and oblique approach.
Our Cleaning Company’s Marketing Plan
Our marketing strategy and approach will be just as flamboyant as our advertising and marketing plan. We agree that it’s all about building a manufacturer and attracting beautiful human individuals to link themselves with it in ways that appeal to them the most. Unlike other cleaning corporations, we do not truly want to market services that people can utilize. Instead, we want to market experiences that people will truly love. For example, our cleaning service advertisements will specifically target the demands of business owners who want to provide a pleasant working environment for their workers and, as a result, reduce the number of complaints about their company’s working conditions.
Strategy for Selling
When a consumer considers using our cleaning service, our sales team will use a variety of unique tactics to keep the customer’s attention and ensure that a contractual agreement is established. To do this, we will provide a variety of unknown complementary products and discounts to our first-time clients, which will turn out to be a surprise package for them and, as a result, enhance their desire to contractually compel us to make their workplaces easier. The idea is to give customers the impression that they are receiving more value for their money.
Our plan for creating publicity for our company will be broken down into three phases. The first step is to persuade change magazine to publish an article on our start-up firm and the viability of our offers to local trade offices. The second stage is to send our representatives to local radio stations to advertise our company and inform listeners about the services we provide. The 0.33rd and last step is to collaborate with cleaning product manufacturers and give discounts on our services to those who purchase their cleaning goods. Short films will also be distributed to raise awareness among the general audience. In addition, we will celebrate our first three days in operation with a birthday party and a free trial for all of our site visitors. We will also undertake door-to-door advertising, distribute stickers and posters, and utilize attractive handbills to raise awareness and provide training to our facilities. We’ll also use our signage/Flexi banner in a suitable location to draw attention.
Our services will primarily be driven by the availability of a general and secure laundry facility, exceptional customer service, and the provision of additional services. We will work hard to build a loyal client base; consumers who will return to us time and time again and who will also help us spread the word about us by recommending us to their friends and acquaintances. We like to push sales by having easy-to-use washing machines, dryers, and industrial irons accessible, among other things. We are well aware of how satisfied customers drive company growth, particularly in industries such as laundry and cleaning services, which is why we will always guarantee that our customer service and facilities are top-notch.
Our pricing strategy will be entirely dependent on what is available in the market; we do not aim to charge more (except for premium and customized services) and we do not want to charge less than our competitors. However, we would employ penetration pricing at first, where our price is far lower than that of our rivals, and then move to completion-based pricing, where we do not charge more than our competitors; either the same pricing or somewhat lower, but not as low as it was at first. However, the management has put in place measures to give discounts on occasion and to reward our loyal clients, especially when they suggest new consumers to us. Our products’ prices (snacks, detergents, and so on) will be comparable to what is available in any section of the United States.
We will have an all-inclusive payment policy since we understand that different individuals have different pricing choices that suit them. Here are the payment options that will be useful to each of our customers.
- Cash is accepted as payment.
- Payment through bank transfer
- Mobile money as a mode of payment
In light of the above, we shall pick banking structures that will enable us to easily get our payment plans. We will pick up and return clients’ clothing from their homes. Customers will no longer have to bring their belongings to the store. Customers get prompt service when they are summoned to their workplaces or residences.
Model of Profit
We have a well-structured revenue model that will help us keep our firm afloat. Without a well-defined revenue model or a clear description of how to produce income, new businesses are more likely to go out of business owing to expenditures they can’t afford. A firm may focus on a target audience, financial product or service enhancement plans, establish up marketing strategies, start a line of credit, and raise financing with a clear. We’ve figured out which revenue stream to seek, what fee to charge, how to price the product, and who will pay for it. We’ve picked two revenue models that are well-suited to our business and will aid in income-generating. Subscription and fee-for-service models are the two options.
Model based on a fee-for-service fee
Customers are only charged for the amount of service provided under a fee-for-service approach. As a result, services are unbundled and paid for individually. With this approach, we will charge our customers based on the location of the area to be cleaned or the type of garments to be washed, and they will pay either before or after the service is rendered.
Model of subscription
The subscription model involves a company providing a service to a customer who, in turn, will pay the company a pre-determined fee over a certain period of time. With this model, we want to offer customers weekly, monthly, and perhaps annual subscriptions in which they pay a certain fee for the laundry or cleaning services we deliver for a set period of time. We would continue to provide the services that were paid for with the client’s assistance until the contract expired.
PLAN FOR DESIGN AND DEVELOPMENT
We haven’t started operations yet, but everything is in place for it to begin soon. We’ve established a base of operations and will be registering it shortly. The company will be run as a partnership amongst the group’s members. The company will be divided equally among the companions. We will have daily service hobbies in which we would go to customers and offer our services. Given the vastness of the market, we’d want to recruit a diverse group of people to ensure that we’re well-represented in all locations where our services are required.
We do not expect a substantial or quick reaction to our market entry from our larger and more established rivals since we are a small firm. We believe a strong reaction from current cleaning companies is quite improbable. We have, however, prepared contingency measures for any good responses that rivals may have. If a rival reduces their costs on the actual exact goods we are delivering, we will match that price. However, we plan to highlight services that our rivals no longer provide as much as possible to begin with.
There are risks in any business, and ours is no different. There are a variety of risks, including the chance of earning less than projected or incurring a loss rather than making a profit. Many variables impact business risk, including revenue volume, input costs, competition, the broader economic environment, and government restrictions. As a result, there is uncertainty in profits or the risk of loss, as well as actions that may wish to pose a threat in the future owing to some unforeseen activities, causing the firm to collapse.
The location of a company’s headquarters is critical to its success. Our laundry and cleaning company will be located in Amamoma, which is around a 20-minute drive from Cape Coast town and a 10-minute drive from the stadium. We are conveniently located in a business district, and we are prepared to serve the whole neighborhood, as well as traffic and tourists. Our business is very visible at this location, and the surrounding environment is also favorable.
As soon as our finances are secured, we want to hire roughly 10,000 square feet of space. We’ve identified a certain property and have reached an agreement with the landlord’s agent. This building in Amamoma, near Prudential Bank, has an area of 8,500 square feet and a little 850 square foot office. The structure is situated in a busy area. This structure will be outfitted with cutting-edge laundry and cleaning equipment. We also provide more services. These are the following:
- Snack stand
- Children’s play area
- Computer and video games
- Movies on the big screen
- Wi-Fi is available for free.
Plans and Strategy
Our strategy is to focus a large portion of our efforts on the pupils. We expect to quickly build and sustain a leading position by concentrating all of our effort and power on this specific area. While other companies aim to be everything to everyone, we believe that our exclusive focus will provide us with significant benefits. Most firms that service this niche today also serve a number of huge markets and provide students just second-class treatment. Our firm, on the other hand, will devote its whole attention to this niche; our key personnel will maintain private touch with niche customers, and we will be able to respond to market changes far quicker than our rivals.
We will deliver the finest, most tailored service in the market we serve. We want to utilize this to our advantage, especially as a small, owner-operated business, to ensure that each and every one of our customers get excellent service. We shall go out of our way to ensure that our clients understand how much they rely on us. We’ll also build display cues and a number of shows that may be tailored to certain clients’ needs. Customers will be dealt with by salespeople and in-house personnel who will be well trained and given broad discretion in order to ensure that clients are always happy. We will expand our reach to include lecturers, workplaces, and corporate groups, as well as men and women in the community, as we first focused on college students. With time, we’ll cover the whole town of Cape Coast before expanding our tentacles to other parts of the country.
Issues of regulation and law
The process of registering the business has begun in order to ensure that we may legally function in accordance with the good signals that we will be provided. We would also establish some rules and regulations that would govern the running of our business and the behavior of our personnel.
From Monday through Thursday, we will be open from 6 a.m. to 10 p.m., and from Friday to Sunday, we will operate a 24-hour service. We chose this structure because, based on our market research and feasibility studies, we discovered that customers often wash the majority of their laundry on weekends. We are well aware that in order to become Ghana’s number one laundry and cleaning company, we must continue to make our facilities friendly and fun, and that is precisely what we will do. We welcome the use of cutting-edge technological know-how in the sector. Without a doubt, our high-quality customer service and a wide variety of other complementary services will help us become one of the top laundry and cleaning companies.
Delivery of Services
We will carefully choose all workers, particularly sales reps and patron service agents who contact directly with consumers, in order to deliver high-quality, personalized service. We’re interviewing people for sales representatives right now, and we’ll be looking at references from previous employment. We’ll also make sure that every staff understands how to pass along a lovely carrier to each client. For extremely difficult provider situations, we will have fast backup assistance available via phone from our office. And we’ll give our employees considerable leeway to react quickly to practically all customer requests or complaints, which in our market usually means issuing prompt reimbursement for faulty things.
Risks of Marketing
Because of the sensitization that will be carried out before we start operating, the preliminary advertising and marketing risk will be avoided. The general public, on the other hand, wants to learn about the advantages and pleasures of our services. While this will take time and work, it will be greatly aided by our advertising team’s engagement.
Despite the fact that there is a strong team in place, the risk of human connections deteriorating overtime is always there. This might be made worse by the fact that the partners involved will have to move. The team is well-versed in all aspects of the business, and they are certain that if one of them were to leave, the team would have the skills to cover the hole. This would be a temporary solution, and a professional character would be hired to permanently replace the crew member, who would also be responsible for his or her job. Furthermore, every member of the management team has held a position of financial responsibility and has a proven track record in building profitable business projects.
A FINANCIAL PLAN
It’s important to note that our revenue projections are based mostly on information acquired during our feasibility studies, as well as certain estimates made based on information readily available on the ground in relation to comparable businesses in Las Vegas.
We see that we are in a good location and that we will be able to attract consumers who will not only use our laundry and cleaning services but also use our espresso bar and snacks bar, for example, resulting in additional revenue. The following is a revenue forecast based only on the location of our Laundromat and the services and products we will be offering;
- GH40,000 (first year)
- GH80,000 for the 2nd year
- GH100,000 (third year)
The first month will be dedicated to the establishment of the company. At this point in the month, it is unlikely that much business will be formally done. Workplace equipment will be purchased and installed, in addition to dealing with jail and financial issues for the company. Worker coverage and a procedure guide will be prepared after the actual office has been set up. Following that, the coaching program will be built. Because this will take some time, it is critical that it be set up from the beginning, ensuring that it is finished and done correctly when there are time restrictions.
Activity will pick up in the second month. We’ll start putting a system in place to manage phone queries, with the expectation that some of them will develop into contracts. The first week of work will be done in pairs. An extra man or woman will be hired to mold the initial worker team when the diversity of contracts begins to build up, most likely at the conclusion of the second month. By the end of the fourth month, there will be enough demand to train and hire a new staff of two. It will suffice to have two two-person teams until the seventh month when two larger humans will be added.
The sales projection assumes that demand will continue to rise at a steady rate. This is entirely predicated on the premise that word-of-mouth recommendations would account for a large portion of new customers after month two. All of this will occur in stages. This prognosis is on the cautious side; it’s possible that since we’re better than the competition, things will take off in a big way; nonetheless, it’s no longer smart to make such a bold prediction. It’s better to err on the side of caution than on the side of caution.
Funding Sources and Use
Bank loans, a Venture Capital Trust Fund, and personal contributions will be used to raise the first round of cash. The fees we charge customers for our services will be our primary source of revenue. Important expenditures, including payroll, advertising, utility bills, and hair product inventory, will, nevertheless, continue to be normal throughout the year. We foresee profits in a year’s time thanks to our marketing, price, carrier, and distribution methods.